AMATA continues to invest in Vietnam via subsidiary AMATAVN, to develop an industrial park called Long Thanh. It believes this investment will support revenue growth for the company for many years to come. The firm also plans to list AMATAVN this year. (Thun Hoon, 05/02/15)
Comment: As I’ve said for the a while, AMATA will benefit this year from its IPO of AMATAVN and a REIT.
DRT expects best result for the year in 1Q15 driven by seasonality coupled with the slump in oil price. For the whole of 2015, the firm also expects the growth in revenue from last year underpinned by the bright outlook in contractor sector. (Thun Hoon, 05/02/15)
Comment: I just met DRT, whats interesting here is that they have been able to sell directly to property developers which has been a key growing part of their sales.
DTAC launches first Isaan 4G service in Khon Kaen. The company plans to provide 4G services in many more provinces in the northeast. (Khao Hoon, 05/02/15)
Bt1.2bn for new programs — The management of GMM Channel, the digital operator of GMM Channel, plans to spend Bt1.2bn for new programs, marketing campaigns and promotions in 2015. The company plans to be top five on the digital platform within the next three years. (Daily News 05/02/15)
Comment: The sale to the new shareholder relieves capital constraints for Grammy. But they still have a long way to go versus RS and WORK
JAS to book extra gain of Bt27bn from selling fibre optic to its infrastructure fund JASIF in 1Q15. Cash received is likely to be paid as an extra dividend to JAS shareholders, which is about Bt1.50/share. (Khao Hoon, 05/02/15)
KKP targets loan growth for 2015 at 6%, focusing on corporate and SME loans with an expectation of continued contraction in auto loans. The bank expects continued losses on repossessed cars but aims to reduce NPLs from 5.5% at YE2014 and lower provisions from Bt3.2bn in 2014. (Khao Hoon, 05/02/15)
LOXLEY plans to spend Bt900mn on a solar power plant with capacity of 15MW. Construction will start this year and the first revenue recognition from this project should be in 2016. (Khao Hoon, 05/02/15)
MJD expects revenue growth of 300% in 4Q14 to Bt4.6bn driven by record number of condo transfers, including M payathai and ladprao. (Khao Hoon, 05/02/15)
Comment: One time shot and then a decrease again.
PLANB plans to sell Bt897mn shares in the IPO. The IPO price will be set on Friday and booking will be during February 9-11. The first day trading is expected to be February 17. The cash from the IPO will be used to pay down debt and expand business. The company targets 20-25% revenue growth in 2015. (Khao Hoon, 05/02/15)
Comment: Priced at 27x PE, investors are expected for the price to perform similar to that of VGI.
PTT says board has approved sale of 27.22% stake in BCP, 15% to Vayupak fund and 12.22% to the bidder offering the best price. PTT plans to list SPRC within the next six months. In addition, the company is also studying listing list its retail businesses. (Thun Hoon, 05/02/15)
TICON has been attracting foreign investors and NDR has risen to 16% as the firm’s outlook is brighter. The firm plans to invest Bt6bn to build new factories and warehouses to boost rental revenue. (Thun Hoon, 05/02/15)
TOP has managed risk during the oil price downturn by reducing inventory to the optimal level. The firm expects better results in 1Q15 after booking a huge loss from inventory due to the collapse in the oil price in 4Q14. (Thun Hoon, 05/02/15)
UAC expects operational turnaround in 2015 with a revenue target of Bt1.5bn underpinned by petrochem trading and renewable energy. (Khao Hoon, 05/02/15)
Comment: UAC will at one point list all of its holdings in renewable related projects.
VNG says it is open to new business partners. The firm reports that it has been tapped by global furniture operators to buy company shares in the PP transaction. But there is no decision on whether or not to bring in new business partners. For this year’s operations, the company expects 30% growth in revenue. (Thun Hoon, 05/02/15)